Multiple Choice
Which one of the general tests of details of balance objectives is NOT important in the audit of borrowings?
A) Realisable value
B) Completeness
C) Existence
D) Valuation
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q48: Discuss how analytical review can be a
Q77: State each of the seven specific balance-related
Q82: Recording of an acquisition of a fixed
Q126: The accuracy objective for share transactions is
Q129: The tests of details of balances procedure
Q132: The auditor must know the client's capitalisation
Q134: One typical difference between the asset prepaid
Q134: When auditing owners' equity, the rights and
Q136: The general cash account is considered significant
Q137: Improper payments of officers' personal expenditures is